Weak fundamentals set to snap rally in tourism shares
By Zhou Yan | China Daily | Updated: 2009-06-12 08:04
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An exhibition booth of Beijing Tourism Group, parent company of Beijing Capital Tourism Co at the 2008 Beijing International Tourism Expo. CFP |
Though the spree of acquisitions and restructuring in the tourism sector has triggered a rally in related stocks, the surge could be short-lived due to the worse-than-expected reform plans and weak corporate fundamentals.
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